by Tony Liddar
4. August 2010 14:12
In October 2009, MACS Software expanded its business by acquiring the intellectual property rights to Solo4 (previously System Lynx) software. As a result, MACS Software’s comprehensive suite of logistics modules now includes an HMRC authorised bonded warehousing solution.
Significant developments are currently being made to the MACS bond module to allow our customers to comply with the new European Union Excise Movements Control System (EMCS) regulations.
In a nutshell, EMCS replaces the current paper driven systems used to control the movement of relevant goods (beer, wines & spirits) between locations within the EU.
The new electronic regulations are being phased in two stages. Phase 1, which went live on 1st April, 2010, allows the MACS Bond module to receive details of expected receipts from other EU states and then transmit actual receipts (including any discrepancies) back to HMRC. Also included is the facility to report electronically movements between customs warehouses.
Final specifications for the second phase of changes are still awaited from HMRC but these must be in place by 1st January, 2011. These changes will facilitate electronic declarations to (and acceptance from) EMCS of movements under bond to approved premises in the UK and EU.
MACS Software currently has six bond management customers in the UK.
